Wanda Phillips's (wanda32779) Blog

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Real Estate Agent - Success Investment Realty
RECENT BLOG POSTS
I recently included a 3 bed / 2 bth home in Kissimme in an Investor Alert email to my real estate investor buyers.  The property is listed at just below market value but the Seller is offering no hassle Financing with $3500 down payment and monthly PITI of $850.  I got a lot of feedback but it wa...
04/15/2012
Find a Job!  These services are provided FREE through the U.S. Department of Labor: Job seeker services:  www.doleta.gov/jobseekers State Job Banks:  www.careeronestop.org/JobSearch/COS_jobsites.aspx Private Sector Job Banks:  www.jobbankinfo.org/privateJobBanks.aspx Federal Job Bank:  www.USAJob...
07/19/2010
 Example of "Answer to Foreclosure Complaint" Note:  This information is given for educational purposes only and is not intended as legal advice.  It is recommended that you seek the advice of legal counsel in your state. Question:  I was served notice of a foreclosure complaint against me.   I c...
07/13/2010
Historical Properties:  Resource for Information and Funding There are many grants and sources of funds to help ease the impact of the improvement costs of historical buildings and homes.  The funds available to owners of historical properties vary both nationally and locally. Nationally the most...
07/13/2010
The FHA is allowing it and so can you.  Savvy Sellers  can Allow Buyers to use the $8000 First Time Homebuyers Credit Upfront.  Here is one example: Tenants bought for the price of renting - with no down payment.  Last November, Glenn bought a bank owned condo for $40,000 cash. He then rented the...
05/13/2009
The IRS recognizes a Contract for Deed as a sale and therefore if you purchased a home under a contract for deed and meet all the other requirements - you would qaulify for the First Time Homebuyer Credit.  A contract for deed, also referred to as a land contract, is typically used like a substit...
05/13/2009
From the Real Estate Hotline Question:  I am a first time homebuyer and  have just signed a Lease Option Contract for a personal residence.  Do I qualify for the First Time Homebuyers Credit?  Answer:  A Lease Option is usually created with two contracts:1. A lease2. An option to buy For the purp...
05/13/2009
Tax Credit Can Be Used UPFRONT on FHA loans for Down Payment Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment...
05/13/2009
Question:  I have set up a self directed IRA and I want to buy a buildable lot and then have a duplex built on the lot.  Are there any publications that deal specifically with self directed IRAs and this scenario? My main concern is whether or not my IRA can build a spec home and if I can do any ...
05/13/2009
Central Florida Stimulus is Kicking In Central Florida is beginning to see an impact from their share of the $787 Billion Federal Stimulus package.  The projects spurred by the stimulus dollars are expected to create 206,000 jobs across the state.  $32.7 million will be pumped into jobs in the fo...
05/08/2009
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